Halma PLC

Earnings Release • Jun 10, 2021

National Storage Mechanism | Additional information

RNS Number : 4038B

Halma PLC

10 June 2021

HALMA plc

Unaudited restated segmental information

To aid the users' understanding of operating segment restatement,

effective 1 April 2021

As stated in our half year results announcement dated 19 November 2020, from 1 April 2021 we have aligned our organisational structure and financial reporting with our purpose and focus on safety, environmental and health markets. From that date, we operate and report under three sectors, Safety, Environmental & Analysis, and Medical. As previously disclosed, the existing Process Safety sector will be combined with the Infrastructure Safety sector to form a single Safety sector, with the exception of our two Gas sensor companies (Crowcon and Sensit), which will move from Process Safety to Environmental & Analysis.

The tables in this document show financial information for these three new sectors, had they been in existence, for the full years ended 31 March 2020 and 2021.

The changes to sector reporting do not impact the historical consolidated results of Halma plc at the Group level. The numbers below are management restatements of segment financials provided for information and are unaudited.

We will report under these three sectors on a statutory basis for the first time for the 6 months to 30 September 2021.

Financial Years to 31 March 2021 and 31 March 2020

Total revenue
	Year ended 31 March 2021 £m		Year ended 31 March 2020 £m		Change %		Change OCCY* %
Safety	587.0		620.8		(5.5%)		(6.2%)
Environmental & Analysis	361.1		370.7		(2.6%)		(4.3%)
Medical	371.3		347.2		7.0%		(5.4%)
Inter-segmental revenue	(1.2)		(0.3)
Group	1,318.2		1,338.4		(1.5%)		(5.6%)

* On an organic constant currency basis

Segment profit before allocation of adjustments#
	Year ended 31 March 2021 £m		Year ended 31 March 2020 £m		Change %		Change OCCY* %
Safety	135.3		141.1		(4.0%)		(5.0%)
Environmental & Analysis	89.3		79.9		11.6%		11.3%
Medical	86.6		84.4		2.6%		(10.5%)
Group	311.2		305.4		1.9%		(2.3%)

# Adjustments include the amortisation and impairment of acquired intangible assets; acquisition items; significant restructuring costs; and profit or loss on disposal of operations. More information on alternative performance measures is available for each respective period in our results announcements and annual reports which are available on our website at www.halma.com.

* On an organic constant currency basis

Revenue and profit transferred from Process Safety to Environmental & Analysis
	Year ended 31 March 2021 £m		Year ended 31 March 2020 £m		Change %
Revenue	52.3		45.7		14.6%
Profit	11.9		10.5		10.8%

Return on sales
	Year ended 31 March 2021 %		Year ended 31 March 2020 %		Change %
Safety	23.1%		22.7%		0.4%
Environmental & Analysis	24.7%		21.6%		3.1%
Medical	23.3%		24.3%		(1.0%)
Group	21.1%		19.9%		1.2%

Revenue by sector and destination (all continuing operations) (by location of customer)

Year ended 31 March 2021	USA £m	Mainland Europe £m	UK £m	Asia Pacific £m	Africa  Near and Middle East £m	Other countries £m	Total £m
Safety	143.7	170.8	124.9	90.9	34.1	22.6	587.0
Environmental & Analysis	165.1	44.2	70.1	65.9	9.2	6.6	361.1
Medical	200.6	61.0	19.2	59.3	10.8	20.4	371.3
Inter Segmental	(0.6)	-	(0.6)	-	-	-	(1.2)
Group	508.8	276.0	213.6	216.1	54.1	49.6	1,318.2

For further information, please contact:

Halma plc Andrew Williams, Group Chief Executive Marc Ronchetti, Chief Financial Officer Charles King, Head of Investor Relations	+44 (0)1494 721 111 +44 (0)7776 685948
MHP Communications Andrew Jaques/Giles Robinson	+44 (0)20 3128 8788
NOTE TO EDITORS

1.	Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad market areas where it operates:
	·      Safety: protecting life as populations grown and protecting worker safety.
	·      Environment: improving food and water quality, and monitoring air pollution.
	·      Health: meeting rising healthcare demand as growing populations age and lifestyles change.
	It employs over 7,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific. Halma is listed on the London Stock Exchange (LON: HLMA) and is a constituent of the FTSE 100 index. In January 2021, Halma was named Britain's Most Admired Company 2020 by Management Today.

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